National Business

MONTREAL — National Bank of Canada took a charge relating to a tax-fraud investigation but nonetheless topped expectations, reporting a 10-per-cent profit jump in its latest quarter.

Toronto Dominion Bank Group marked the start of its financial year by being the only member of the Big Six to fall short of analyst expectations. The Toronto-based bank reported Thursday a first-quarter profit of $3 billion, up from $2.

TORONTO — Hudson's Bay Co. executive chairman Richard Baker has won shareholder approval to take the retailer private after months of trying to appease rival shareholders and making a trip to the Ontario Securities Commission.

MONTREAL — TC Transcontinental is launching a plastic recycling group to handle materials within its packaging operations and plastics recovered from other commercial, industrial and agricultural sources.

MONTREAL — The head of WSP Global Inc. says the engineering company expects lower productivity from its Chinese operations after asking employees in the region to work from home as a result of the novel coronavirus outbreak.

TORONTO — A deeply indebted former theatre mogul transferred ownership of the family home to his wife to put the multimillion-dollar property out of reach of his creditors, an Ontario judge has ruled.

CALGARY — The shelving of the proposed $20.6-billion Frontier oilsands mine this week stems mostly from the length of time it took for it to win regulatory approval, says the CEO of oilsands producer Husky Energy Inc.

Hugh Ji had been looking forward to returning home to South Korea with his Canadian wife and two of their friends for a trip that included stops in Seoul and a visit to Jeju island.

PARIS — Chloe teemed with sparkling detailing at Paris Fashion Week Thursday.

John Shmuel knows firsthand what financial openness — and secrecy — can do. By the third date, his fiancee knew his income and savings. A year later they'd agreed to focus on saving for a condo before getting married.